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Council accepts midyear financial report and approves bills; one abstention recorded
Summary
Clerk Treasurer Lynette Strecker presented the financial report as of Dec. 31, 2025, showing total cash and investments near $17M and a consolidated net negative of $509,499 (timing and CDBG reimbursements). The council accepted the report and approved the bills for 03/04–03/17/2026, recording one abstention on the Z & W Mill bill by Councilman Victorin.
Clerk Treasurer Lynette Strecker reviewed the consolidated cash position and fund balances as of Dec. 31, 2025, reporting total investments of approximately $9,007,517 and total cash and investments around $17 million. She noted restricted funds of about $2.69 million and said total cash plus unearned revenue came to about $49 million against appropriations leaving an unappropriated balance of roughly $15.7 million (inclusive of restricted cash adjustments). Strecker explained a net general-fund cash shortfall of about $158,000 and an overall net across funds of negative $509,499, attributing much of the timing difference to CDBG project reimbursement cycles.
Council members asked follow-up questions about the sewer CDBG project pay-app timing, outstanding equipment deliveries (a bucket truck ordered in April 2023 remains undelivered), and accounts receivable levels. After discussion, Councilman Deal moved to accept the financial report as of Dec. 31, 2025; Councilman Kelly seconded and the council accepted the report by voice vote.
The council then considered bills for March 4–17, 2026. Members moved to approve the bills with one item (the Z & W Mill bill) pulled for separate consideration to allow Councilman Victorin to abstain. The council approved the bills with the Z & W Mill bill approved separately and Councilman Victorin recorded as abstaining.
